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Condo sales, on the other hand, are slow because the cost of both buying and owning a condo has surged. Homeowners insurance in Florida increased about 40% year over year in 2023—and a whopping ...
Many insurers that covered master condo policies pulled back on the market after Surfside,” said Mark Friedlander, Florida spokesman for the Insurance Information Institute, referring to the ...
To help condo owners absorb rising homeowners premiums, these bipartisan lawmakers want to create a pilot program to allow state-run Citizens Property Insurance to offer a cheaper plan. When ...
(One condo I own just had its building coverage go from about $80,000 per year to over $200,000, in 2 years. ... More on homeowners insurance: Florida property insurance is getting more expensive ...
Homeowners insurance vs. condo insurance. Buying a condo is more similar to buying a home than a co-op. When you buy a condo, you own the unit and likely need condo insurance to insure it properly ...
Florida condo sales are slowing and prices are dropping as a buyer's market emerges following new ... with lawsuits against insurance companies alleging they weren't paying enough to fix all the ...
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